host hotels & resorts

Embassy Suites by Hilton Chicago Downtown Magnificent Mile Appoints Kathy Heneghan as General Manager

Embassy Suites by Hilton | January 17, 2019

CHICAGO - Embassy Suites by Hilton Chicago Downtown Magnificent Mile, owned by Host Hotels & Resorts, LP and managed by Hilton Management Services, today announced Kathy Heneghan has been appointed as the hotel's new general manager. Embassy Suites by Hilton is a global brand of upscale, all-suite hotels from Hilton (NYSE: HLT). In her new role, Heneghan will be responsible for overseeing the day-to-day operations of the 455-suite hotel including guest services, hotel administration and marketing efforts. A 29-year hospitality veteran, Heneghan has spent her career in Chicago. She started in food and beverage at Hilton Chicago, hold...

Host Hotels & Resorts Closes $302 Million Sale of the Westin New York Grand Central Hotel

Host Hotels & Resorts | January 14, 2019

BETHESDA, Md., Jan. 14, 2019 -- Host Hotels & Resorts, Inc. (NYSE: HST), the nation's largest lodging real estate investment trust (the "Company"), today announced that it closed on the previously announced agreement to sell the Westin New York Grand Central hotel for $302 million, including approximately $20 million of FF&E funds. "We have been pleased with our continued execution of further reducing our exposure to New York, a key initiative set early on in my tenure as CEO. With the completion of this sale, we have sold 3 assets and the retail, signage, and theater condo space at the New York Marriott Marquis f...

Host Hotels & Resorts Sells the New York Marriott Marquis Retail and Closes of the Sale of the W New York – Union Square

Host Hotels & Resorts | September 25, 2018

BETHESDA, Md., Sept. 24, 2018 -- Host Hotels & Resorts, Inc. (NYSE: HST), the nation's largest lodging real estate investment trust (the "Company"), today announced that it sold the New York Marriott Marquis retail, theater, and signage commercial condominium units (the "Retail"), to Vornado Realty Trust for a sale price of $442 million. In addition, the Company closed on the sale of the W New York – Union Square for a sale price of $171 million on September 6, 2018. "Today's announcements demonstrate our continued ability to identify, execute, and effectively monetize investment opportunities within o...

Host Hotels & Resorts Appoints Michael D. Bluhm Executive Vice President and Chief Financial Officer to Succeed Gregory Larson Entering Retirement

September 12, 2017

BETHESDA, Md., Sept. 12, 2017 -- Host Hotels & Resorts, Inc. (NYSE:HST) ("Host Hotels" or the "Company") today announced that Gregory J. Larson will retire in November as executive vice president and chief financial officer. In addition, the Company has named Michael D. Bluhm as his successor. Mr. Bluhm most recently served as managing director, head of western region real estate and global head of lodging and leisure investment banking at Morgan Stanley. Mr. Larson will work with the Company and Mr. Bluhm on the transition through the end of the year and continue as a senior advisor through July 31, 2018. The Co...

Host Hotels & Resorts Reports Q1 2017 Net Income of $161 Million, a Decrease of $23 Million Compared to Q1 2016

Host Hotels & Resorts, Inc. | May 1, 2017

BETHESDA, Md., April 28, 2017-- Host Hotels & Resorts, Inc. (NYSE:HST) ("Host Hotels" or the "Company"), the nation's largest lodging real estate investment trust ("REIT"), today announced results of operations for the first quarter of 2017. James F. Risoleo, President and Chief Executive Officer of Host Hotels, stated: "We are pleased with our first quarter results and we continue to improve our geographically diverse portfolio of irreplaceable assets, with over $430 million of high-quality asset acquisitions during the quarter. By utilizing our scale, access to information, and industry-leading balance sheet, we added the Don CeSa...

Host Hotels & Resorts Acquires 305-Room W Hollywood for $219 Million

Host Hotels & Resorts | March 8, 2017

BETHESDA, Md., March 08, 2017 -- Host Hotels & Resorts, Inc. (NYSE:HST) today announced the acquisition of the 305-room W Hollywood (the "Hotel"), which includes 10,800 square feet of high-quality retail space and seven prominent supergraphic billboard signs for $219 million. The Hotel opened in 2010 and is centrally located in the dynamic and rapidly growing sub-market of Hollywood. The surrounding area features a strong base of business and transient demand generators and serves as a hub for a thriving creative community and entertainment related companies. The Hotel is also fully unencumbered by brand and management upon sale beg...

Host Hotels & Resorts, Inc. Reports RevPAR Increase of 1.7% in Q4 2016; Net Income Dropped $37 Million for the Quarter

Host Hotels & Resorts | February 22, 2017

BETHESDA, Md., Feb. 22, 2017 -- Host Hotels & Resorts, Inc. (NYSE:HST) ("Host Hotels" or the "Company"), the nation's largest lodging real estate investment trust ("REIT"), today announced results of operations for the fourth quarter and the year. James F. Risoleo, President and Chief Executive Officer of Host Hotels, stated: "We are pleased with the Company's solid fourth quarter and full year 2016 results, including meaningful year-over-year growth in diluted EPS and Adjusted FFO per share, reflecting outstanding work and successful execution by the talented employees of Host Hotels. This is a great company that is well-positioned...

Sage Hospitality Completes Renovation and Expansion of The Denver Marriott Tech Center

Sage Hospitality | February 1, 2017

Denver, Colorado (Feb. 1, 2017) – The Denver Marriott Tech Center & Sage Hospitality are pleased to announce that they have completed the major hotel renovation launched in Fall 2015. The Denver Marriott Tech Center now boasts 605 modern guest rooms redesigned to reflect the natural beauty of Colorado. The transformation included the creation of five Residential Suites complete with full kitchens, living rooms and workspaces, plus 36 Studio Suites. All of the new guest rooms feature sleek furniture and original Colorado art, 49-inch and larger flat screen TVs and renovated bathrooms with gorgeous tile, sliding doors and high-e...